HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-7/6/2005
PUBLIC NOTICE
ON TUESDAY, JUNE 7, 2005, AT 5:00 P.M., AT CITY HALL, 100 MAIN STREET,
COUNCIL CHAMBERS, THIRD FLOOR, THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION BOARD OF DIRECTORS WILL HOLD A MEETING
FOR THE FOLLOWING PURPOSE:
1. CALL TO ORDER
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-05-76- CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held May 11 , 2005
PUBLIC HEARINGS:
3. PUBLIC HEARING - ColleyYille Economic Development Corporation
undertaking park projects
4. READING AND PUBLIC HEARING - RESOLUTION R-05-77 - Authorizing the
issuance of Colleyville Economic Deyelopment Corporation (CEDC) Refunding
and Improvement Sales Tax Subordinate Lien Revenue Bonds, Series 2005
5. READING AND PUBLIC HEARING - RESOLUTION R-05-78 - Discussion and
Consideration of a Resolution ratifying Corporate Board action for the meeting of
June 7,2005
ADJOURNMENT:
6. ADJOURNMENT
100 MAIN STREET COLLEYVILLE, TEXAS 76034 (817) 503-1000
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MINUTES OF THE
COLLEYVILLE ECONOMIC DEVELOPMENT
CORPORATION BOARD OF DIRECTORS MEETING
JUNE 7, 2005
The meeting of the Colleyville Economic Development Corporation Board of Directors
was called to order by President John Ayers on June 7, 2005 at 5:17 p.m.
ROLL CALL:
Directors John Gray, Rich Hendler, Mark Skinner and John
Terhoeve were present. President Jon Ayers, General Manager
Bill Lindley, Finance Manager Terry Leake, and Secretary Cynthia
Singleton were also present.
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Director Elaine Dolan was absent.
Mr. Jim Sabonis of First Southwest Company and Mr. Bob
Dransfield of Fulbright & Jaworski LLP, also attended.
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-05-76- CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held May 11, 2005
President Ayers opened the public hearing and read Resolution R-05-76 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
Director Hendler moved to approve Resolution R-05-76.
Director Terhoeve seconded the motion.
Ayes: Directors Terhoeve, Gray, Hendler, Skinner and President Ayers
Nays: None
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President Ayers declared the motion carried.
CEDC MINUTES
JUNE 7, 2005
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PUBLIC HEARINGS:
3. PUBLIC HEARING - Colleyville Economic Development Corporation
undertaking park projects
Finance Director Terry Leake stated that state law requires that a public hearing be held
if an Economic Development Corporation will be undertaking a project using bond
money.
President Ayers opened the public hearing.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
General discussion ensued regarding the bond issuance scenarios.
Mr. Bob Dransfield of Fulbright & Jaworski LLP, provided information regarding the
refunding process and answered questions of the Board.
4.
READING AND PUBLIC HEARING - RESOLUTION R-05-77 - Authorizing the
issuance of Colleyville Economic Development Corporation (CEDC) Refunding
and Improvement Sales Tax Subordinate Lien Revenue Bonds, Series 2005
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President Ayers opened the public hearing and read Resolution R-05-77 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
General Manager Bill Lindley provided an overview of the refunding options.
Director Hendler moved to approve Resolution R-05-77, with bond issuance scenario C.
which states, Refund existing debt and issue $2,000,000 in new debt and the bonds
would be repaid through FY2029.
Director Terhoeve seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler, Skinner and President Ayers
Nays: None
President Ayers declared the motion carried.
5.
READING AND PUBLIC HEARING - RESOLUTION R-05-78 - Discussion and
Consideration of a Resolution ratifying Corporate Board action for the meeting of
June 7,2005
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CEDC MINUTES
JUNE 7, 2005
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This Resolution was not needed.
ADJOURNMENT:
6. ADJOURNMENT
There being no further business before the Board, President Ayers declared the
meeting adjourned at 5:25 p.m.
APPROVED THIS at~ ",0( DAY OF
'7 AYES t:) NAYS AND
~~. J 2005, BY A VOTE OF
o ABSTENTIONS.
Cynthia Singleton
Secretary
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